Callan Family Office LLC Has $2.54 Million Stock Position in Chubb Limited $CB

Callan Family Office LLC boosted its position in Chubb Limited (NYSE:CB) by 122.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,752 shares of the financial services provider’s stock after acquiring an additional 4,811 shares during the period. Callan Family Office LLC’s holdings in Chubb were worth $2,536,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Blair William & Co. IL lifted its stake in Chubb by 1.5% in the 2nd quarter. Blair William & Co. IL now owns 51,878 shares of the financial services provider’s stock valued at $15,030,000 after purchasing an additional 770 shares during the last quarter. Copperwynd Financial LLC lifted its position in Chubb by 9.9% during the second quarter. Copperwynd Financial LLC now owns 786 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 71 shares during the last quarter. Baxter Bros Inc. lifted its position in Chubb by 1.7% during the second quarter. Baxter Bros Inc. now owns 7,661 shares of the financial services provider’s stock worth $2,220,000 after acquiring an additional 128 shares during the last quarter. InTrack Investment Management Inc lifted its position in Chubb by 155.3% during the second quarter. InTrack Investment Management Inc now owns 5,712 shares of the financial services provider’s stock worth $1,655,000 after acquiring an additional 3,475 shares during the last quarter. Finally, Cohen Investment Advisors LLC lifted its position in Chubb by 3.4% during the second quarter. Cohen Investment Advisors LLC now owns 12,500 shares of the financial services provider’s stock worth $3,622,000 after acquiring an additional 413 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CB shares. Jefferies Financial Group raised their price objective on shares of Chubb from $295.00 to $297.00 and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Barclays raised their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday. HSBC downgraded shares of Chubb from a “buy” rating to a “hold” rating and cut their price objective for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. UBS Group lowered their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $306.82.

Insider Transactions at Chubb

In other news, Director Michael Corbat acquired 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is owned by company insiders.

Chubb Price Performance

Chubb stock opened at $283.08 on Friday. The stock’s fifty day moving average price is $276.67 and its two-hundred day moving average price is $281.92. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $112.86 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.18 and a beta of 0.54.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $5.38 earnings per share. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 17.12%.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.